Binance Market Update (2024-01-19)

The global cryptocurrency market cap now stands at $1.68T, down by -0.09% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $40,683 and $42,872 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $41,324, down by -3.47%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include MANTA, UMA, and XEM, up by 4276%, 91%, and 11%, respectively.

Top stories of the day:

• ARK Invest Shifting from BITO into its Own Bitcoin ETF, Purchases Worth $15M 

• Law Firm Kirkland & Ellis Seeks $120 Million in Fees from Celsius, BlockFi, and Voyager Digital Bankruptcy Cases 

• Ordinals Inscription Minting Revenue Surpasses 5,800 Bitcoins 

• Bullish Bitcoin Bets on the Rise as Implied Volatility Falls 

• Grayscale CEO Predicts Many Spot Bitcoin ETFs Are Likely To Fail 

• Ethereum Aims to Break Long-term Losing Streak Against Bitcoin Amid Market Volatility 

• Spot Ether ETF Approval Probability by May Not Higher Than 50%, Says JPMorgan 

• Justin Sun Reports: HTX Crypto Exchange Services Recover Following DDoS Attack 

• Hong Kong's VSFG Plans Launch of Spot Bitcoin ETF in Q1 2024 Amid Bitcoin ETF Push 

• Meta Reinforces AI Initiatives, Integrates Generative AI Research Team with FAIR

Market movers:

• ETH: $2477.05 (-2.70%)

• BNB: $312.5 (+0.06%)

• SOL: $94.43 (-6.31%)

• XRP: $0.5487 (-3.19%)

• ADA: $0.4995 (-4.48%)

• AVAX: $33.53 (-5.63%)

• DOGE: $0.07828 (-2.78%)

• TRX: $0.1087 (-0.95%)

• DOT: $6.988 (-4.40%)

• LINK: $15.291 (-0.79%)

Top gainers on Binance:

• MANTA/USDT (+4276%)

• UMA/USDT (+91%)

• XEM/USDT (+11%)